Israeli company Fintech wheat Today, it announced that it recently closed a 33 million dollar financing round led by Bain Capital Ventures, with the participation of current investors Aleph, Vesey Ventures and Hanaco Ventures. After a previous round of $ 18 million, this amount that the company raised up to 51 million dollars.
Grain technology improves foreign currencies for cross -border transactions, automatically relieving the risk of currency fluctuation while identifying sources of pricing opportunities to convert higher sales transfers to its customers.
The company's compact FX solutions and its hedging in the B2B micro -action, which is smoothly integrated into sales facades. The automatic solution in which the artificial intelligence works by CFOS and financing teams enables the merges of modified prices according to FX risks directly into the front sales platforms. By analyzing the final user data, the company allocates pricing strategies to reduce currency risks. Its technology is directly integrated into B2B software and markets and payment service providers, and simplifying global transactions with minimal friction.
The company was founded in 2022 by CEO Dor Golan, CBO AHARON NAVON, Co Michal Beinisch and CPO Nir Galon.
Golan said: “World Trade moves faster than ever, however, pre -work fluctuations continue to create barriers in front of companies that operate across the border. In the grains, we began to change the model by converting FX from the challenge to a competitive advantage. Improvement and automatic hedging solution online, software platforms and payment providers who want to give their customers the advantage of certainty and the necessary costs To expand a global scope.
Pills that exceed $ 1 billion work in annual transactions and expand to industries, including travel, payments, and AP/AR programs. Thanks to its recent financing, the company plans to accelerate the development of products and double its workforce, currently in 25 employees, by the end of the year.
It was published by Globes, Israel Business News – En.globes.co.il – on March 5, 2025.
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